Bel Fuse Inc.
Description
Bel Fuse Inc. designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries. It provides power solutions and protection products, including front-end power supplies, board-mount power products, industrial and transportation power products, external power products, and circuit protection products. The company also offers connectivity solutions, such as expanded beam fiber optic connectors, cable assemblies, and active optical devices; copper-based connectors/cable assemblies; radio frequency connectors, cable assemblies, microwave devices, and low loss cables; and ethernet, I/O, and industrial and power connectivity products. In addition, it provides magnetic solutions comprising integrated connector modules, power transformers, SMD power inductors and SMPS transformers, and ethernet discrete components. The company sells its products through direct strategic account managers, regional sales managers working with independent sales representative organizations, and authorized distributors in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally. Bel Fuse Inc. was incorporated in 1949 and is headquartered in West Orange, New Jersey.
About
CEO
Mr. Daniel Bernstein
Employees
5,260
Instrument type
Common Stock
Sector
Technology
Industry
Electronic Components
MIC code
XNGS
Address
300 Executive Drive, West Orange, NJ 07052, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 21, 2025 | — | — | — | — |
| Jul 22, 2025 | — | — | — | — |
| Apr 24, 2025 | — | — | — | — |
| Feb 20, 2025 | 1.01 | — | — | — |
| Oct 24, 2024 | 0.83 | 0.99 | 0.16 | 19.28% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 1 |
| Average estimate | — | 0.94 | — | 5.36 |
| Low estimate | — | 0.94 | — | 5.36 |
| High estimate | — | 0.94 | — | 5.36 |
| Last year EPS | — | 1.19 | — | 4.43 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-35.660%
Next qtr. (Mar 2025)
-21.010%
Current year
—
Next year (Dec 2025)
20.990%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 639.81M | 654.23M | 543.49M | 465.77M | 492.41M |
| Cost of revenue | 423.96M | 470.78M | 409.11M | 346.04M | 382.44M |
| Gross profit | 215.85M | 183.45M | 134.38M | 119.73M | 109.97M |
| Operating expense | |||||
| Research & development | 22.49M | 20.24M | 21.89M | 23.61M | 26.93M |
| Selling general and admin | 99.09M | 92.34M | 86.61M | 78.70M | 77.42M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 94.27M | 70.87M | 25.88M | 17.42M | 5.63M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 2.85M | 3.38M | 3.54M | 4.75M | 5.45M |
| Other income expense | -8.12M | -8.44M | 4.99M | -533,000 | -7.49M |
| Pretax income | 83.30M | 59.06M | 27.33M | 12.14M | -7.30M |
| Tax provision | 9.47M | 6.37M | 2.51M | -659,000 | 1.44M |
| Net income | 73.83M | 52.69M | 24.82M | 12.80M | -8.74M |
| Basic EPS | 5.83 | 4.24 | 2.02 | 0.97 | -0.71 |
| Diluted EPS | 5.83 | 4.24 | 2.02 | 0.97 | -0.71 |
| Basic average shares | 12.78M | 12.54M | 12.40M | 12.33M | 12.28M |
| Diluted average shares | 12.78M | 12.54M | 12.40M | 12.33M | 12.28M |
| EBITDA | 104.78M | 83.03M | 42.35M | 32.05M | 21.84M |
| Net income from continuing op. | 73.83M | 52.69M | 24.82M | 12.80M | -8.74M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 571.63M | 560.47M | 511.85M | 453.87M | 468.92M |
| Current assets | |||||
| Cash | 57.54M | 70.27M | — | — | — |
| Cash equivalents | 31.83M | — | — | — | — |
| Cash and cash equivalents | 89.37M | 70.27M | 61.76M | 84.94M | 72.29M |
| Other short term investments | 37.55M | — | — | — | — |
| Accounts receivable | 84.13M | 107.27M | 87.14M | 71.37M | 76.09M |
| Other receivables | 12.79M | 18.24M | 28.28M | 14.14M | 16.32M |
| Inventory | 136.54M | 172.47M | 139.38M | 100.13M | 107.28M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 21.10M | 13.16M | 12.47M | 9.64M | 11.21M |
| Non current assets | |||||
| Properties | 20.48M | 21.55M | 21.25M | 14.22M | 18.50M |
| Land and improvements | 348,000 | 1.10M | 1.11M | 1.12M | 1.43M |
| Machinery furniture equipment | 98.53M | 118.36M | 120.96M | 124.11M | 132.13M |
| Construction in progress | 1.57M | 4.24M | 5.08M | 1.60M | 5.09M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -79.20M | -108.39M | -109.85M | -112.25M | -126.43M |
| Goodwill | 102.68M | 104.31M | 114.30M | 113.72M | 116.35M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 49.39M | 54.11M | 61.00M | 65.79M | 72.37M |
| Investments and advances | 10.28M | — | — | — | — |
| Other non current assets | 44.67M | 41.46M | 35.72M | 35.18M | 30.93M |
| Total liabilities | 231.07M | 298.12M | 303.10M | 268.07M | 300.87M |
| Current liabilities | |||||
| Accounts payable | 40.44M | 64.59M | 65.96M | 39.77M | 44.17M |
| Accrued expenses | 50.07M | 40.74M | 31.17M | 27.47M | 25.34M |
| Short term debt | 6.35M | 5.87M | 6.88M | 11.88M | 12.87M |
| Deferred revenue | 3.05M | 8.85M | 2.22M | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 9.16M | 14.97M | 4.72M | 7.41M | 6.27M |
| Non current liabilities | |||||
| Long term debt | 74.21M | 110.74M | 127.17M | 118.36M | 149.97M |
| Provision for risks and charges | 19.82M | 24.80M | 28.43M | 26.09M | 26.90M |
| Deferred liabilities | 1.46M | 1.26M | 1.49M | 1.03M | 1.73M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 5.10M | 6.50M | 10.09M | 10.43M | 10.51M |
| Shareholders equity | |||||
| Common stock | 1.28M | 1.28M | 1.25M | 1.24M | 1.23M |
| Retained earnings | 307.51M | 237.19M | 187.94M | 166.49M | 157.06M |
| Other shareholders equity | -12.04M | -16.55M | -18.86M | -18.06M | -24.07M |
| Total shareholders equity | 340.56M | 262.35M | 208.74M | 185.80M | 168.05M |
| Additional paid in capital | 44.26M | 40.77M | 38.42M | 36.14M | 33.83M |
| Treasury stock | 454,000 | 349,000 | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 73.83M | 52.69M | 24.82M | 12.80M | -8.74M | 20.71M | -11.90M | -64.83M | 19.20M | 8.60M | 15.91M | 2.37M | 3.76M | 13.65M | -8.31M | -14.93M | 26.34M | 25.20M | 20.23M | 24.72M | 13.76M | 578,997 | -12.16M | 32.22M | 21.30M | 15.20M | 8.90M | 7.80M | 8.10M | -1.60M | 3.80M | 18.90M | -3.30M | 700,000 | -1.80M |
| Depreciation | 13.31M | 14.86M | 16.86M | 16.42M | 16.47M | 18.21M | 20.72M | 21.78M | 23.01M | 20.37M | 12.38M | 9.11M | 8.67M | 8.84M | 6.78M | 7.44M | 7.92M | 9.03M | 10.10M | 9.03M | 8.37M | 6.00M | 7.78M | 5.93M | 6.10M | 4.10M | 3.40M | 3.00M | 3.00M | 2.60M | 2.40M | 2.40M | 2.40M | 2.20M | 2.00M |
| Deferred Taxes | -3.87M | -4.59M | 441,000 | -1.74M | -2.17M | 2.49M | -315,000 | -6.40M | -356,000 | -2.69M | -877,000 | -1.23M | 683,000 | 725,000 | 4.00M | -3.62M | -2.04M | -988,000 | -3.60M | -4.99M | 1.59M | 405,000 | -2.59M | 1.78M | 1.60M | 400,000 | -100,000 | 400,000 | 100,000 | -400,000 | -100,000 | -100,000 | 100,000 | -1.00M | 1.00M |
| Stock-Based Compensation | 3.49M | 2.38M | 2.30M | 2.32M | 2.89M | 2.84M | 3.03M | 2.82M | 2.82M | 2.72M | 1.88M | 1.77M | 1.71M | 2.20M | 1.73M | 1.48M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -1.00M | 1.23M | 2.58M | 1.91M | 1.99M | 1.33M | 4.16M | 2.67M | 4.64M | 1.09M | 407,000 | 1.93M | 607,000 | 558,000 | 807,000 | 1.57M | 1.32M | 1.23M | — | — | — | — | — | — | — | 100,000 | -100,000 | 100,000 | -100,000 | 100,000 | -100,000 | 200,000 | 100,000 | -200,000 | -100,000 |
| Accounts Receivable | 27.95M | -10.67M | -27.12M | 7.58M | 18.78M | -14.27M | -2.95M | 10.80M | 12.19M | 1.38M | -8.03M | 260,000 | 14.17M | -12.16M | 11.30M | 6.01M | -7.93M | -4.28M | -2.64M | -2.67M | 1.76M | -7.02M | 15.35M | -6.38M | -1.70M | -6.00M | -2.30M | 2.80M | -3.70M | -2.00M | 1.50M | -1.80M | -1.20M | -500,000 | -100,000 |
| Accounts Payable | -22.75M | 1.52M | 23.96M | -6.04M | -15.11M | 9.00M | -1.43M | -588,000 | -10.02M | -3.89M | 1.49M | -1.42M | -2.68M | 1.72M | 2.91M | -1.84M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 19.98M | -27.96M | -37.05M | 9.52M | 20.19M | -37.63M | 4.74M | -19.44M | 17.82M | 9.34M | -4.80M | -1.07M | 2.77M | -17.67M | 14.62M | -12.50M | 2.87M | -10.67M | 1.02M | 3.15M | 3.48M | -1.06M | 1.25M | -3.23M | -3.60M | 200,000 | -1.90M | 1.50M | -100,000 | -2.40M | -2.70M | 1.00M | -1.40M | 300,000 | -2.20M |
| Operating Cash Flow | 110.94M | 29.46M | 6.79M | 42.77M | 34.30M | 2.66M | 16.06M | -53.19M | 69.30M | 36.91M | 18.36M | 11.73M | 29.69M | -2.15M | 33.83M | -16.40M | 28.47M | 19.53M | 25.12M | 29.24M | 28.97M | -1.10M | 9.63M | 30.33M | 23.70M | 14.00M | 7.90M | 15.60M | 7.30M | -3.70M | 4.80M | 20.60M | -3.30M | 1.50M | -1.20M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -6.09M | -7.00M | -2.07M | -1.52M | -4.08M | -11.52M | -6.35M | -2.38M | -9.81M | -8.98M | -6.84M | -4.55M | -2.54M | -1.82M | 282,000 | -4.62M | 2.06M | -9.36M | -7.49M | -6.58M | -3.12M | -6.43M | -5.89M | -8.13M | -5.20M | -3.70M | -6.10M | -2.70M | -7.40M | -5.50M | -5.00M | 6.70M | -2.10M | -4.10M | -3.00M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | -1.34M | — | — | — | -99,000 | -300,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -5.22M | — | -16.81M | — | -29.00M | -2.18M | — | — | — | -208.69M | -30.99M | -19.41M | — | -40.42M | -454,000 | — | — | -6.96M | -20.81M | -353,464 | -36.28M | -5.56M | -5.94M | — | — | -27.50M | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -59.99M | — | — | — | — | -1.35M | — | — | — | -2.94M | — | -24,000 | -5.14M | -6.19M | -3.55M | -18.97M | -37.49M | -3.63M | -18.00M | -17.72M | -4.95M | -8.82M | -5.86M | -773,253 | -1.40M | -2.80M | -4.70M | -3.00M | -1.30M | -4.90M | -12.50M | — | — | — | — |
| Sale of Investments | 19.92M | — | — | — | — | 1.35M | — | 2.16M | 2.82M | — | 2.82M | 5.12M | 433,000 | — | 25.88M | 18.60M | 28.93M | 24.49M | 1.62M | 6.35M | 4.90M | 6.13M | 3.66M | 3.02M | — | 2.80M | 7.70M | 6.30M | 7.10M | 5.50M | 3.30M | 100,000 | — | — | — |
| Investing Cash Flow | -53.54M | -7.00M | -18.88M | -1.52M | -33.09M | -13.69M | -6.35M | -2.38M | -9.81M | -217.67M | -24.85M | -18.87M | -22.48M | -44.76M | 23.43M | -4.99M | -6.49M | 4.23M | -44.68M | -18.28M | -39.42M | -15.60M | -14.03M | -5.88M | -6.50M | -31.00M | -3.00M | 800,000 | -1.50M | -4.90M | -14.20M | 6.20M | -2.10M | -4.80M | -4.10M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | 115.00M | — | 44.00M | 7.50M | 131.00M | — | 12.50M | 238.00M | 12.51M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -40.00M | -17.50M | -119.35M | -28.18M | -14.97M | -16.51M | -150.02M | -43.52M | -58.06M | -17.54M | — | -17,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | -675,000 | -600,000 | — | — | -2.01M | -718,000 | -15,000 | -5.76M | — | — | — | — | — | 39,000 | 149,000 | 336,000 | — | — | — | — | 29,000 | — | — | -100,000 | — | — | — | — | — | — | 100,000 | -100,000 | — |
| Financing Cash Flow | -78.60M | -38.76M | -8.40M | -32.14M | 25.23M | -12.31M | -24.32M | -47.48M | -48.81M | 211.55M | 6.04M | -9.89M | -3.21M | -3.18M | -3.23M | -13.84M | -6.61M | 1.30M | 1.93M | 1.72M | 708,730 | 235,993 | -249,722 | -1.43M | -300,000 | 800,000 | 400,000 | 100,000 | 300,000 | 100,000 | 100,000 | 200,000 | 100,000 | -100,000 | — |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 89.37M | 70.27M | 61.76M | 84.94M | 72.29M | 53.91M | 69.35M | 73.41M | 85.04M | 77.14M | 62.12M | 71.26M | 88.24M | 83.83M | 124.23M | 74.96M | 83.88M | 76.76M | 52.00M | 71.20M | 57.46M | 59.00M | 69.28M | 62.59M | 31.40M | 14.90M | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | 25.06M | 14.62M | 2.87M | 2.65M | 4.69M | 7.48M | 756,000 | 2.46M | 580,000 | 4.69M | -474,000 | 1.46M | 1.95M | 2.17M | 1.91M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 4.73M | 3.37M | 2.14M | 4.13M | 4.85M | 4.78M | 4.35M | 4.84M | 6.15M | 3.21M | 156,000 | 16,000 | — | 15,000 | 2,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 96.22M | 31.43M | -4.77M | 40.63M | 14.56M | -1.50M | 17.70M | 30.38M | 55.90M | 13.42M | 2.31M | 6.87M | 27.34M | 5.21M | 26.70M | 3.10M | 10.58M | 9.67M | 23.53M | 25.53M | 25.55M | -1.39M | 15.00M | 30.27M | 17.90M | 12.10M | 2.20M | 11.60M | -400,000 | -7.10M | — | 600,000 | -100,000 | -1.40M | -2.60M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Gabelli Small Cap Growth Fund | Sep 30, 2024 | 169,000 | 14.11M | 7.99% |
| Brown Advisory Fds-Brown Advisory Small Cap Fund Value Fd | Nov 30, 2024 | 107,825 | 9.00M | 5.10% |
| EQ Advisors Trust-1290 VT Gamco Small Company Value Port | Sep 30, 2024 | 101,600 | 8.48M | 4.80% |
| Vanguard Information Technology Index Fund | Nov 30, 2024 | 43,955 | 3.67M | 2.08% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 40,355 | 3.37M | 1.91% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 33,047 | 2.76M | 1.56% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 22,417 | 1.87M | 1.06% |
| Gabelli Equity Trust Inc (The) | Sep 30, 2024 | 20,500 | 1.71M | 0.97% |
| Gabelli GDL Fund | Sep 30, 2024 | 19,000 | 1.59M | 0.90% |
| Royce Micro Cap Trust | Sep 30, 2024 | 18,805 | 1.57M | 0.89% |
Article
Farouq Tuweiq to Succeed Daniel Bernstein as CEO of Bel Fuse Inc. in May 2025
WEST ORANGE, N.J., Feb. 03, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Bel Fuse Inc. (Nasdaq: BELFA and BELFB) (“Bel” or the “Company”) today announced an upcoming transition in the Chief Executive Officer position at Bel. After 24 years as Bel's Chief Executive Officer and 46 total years of service at the Company, Daniel Bernstein will step down as President and CEO effective immediately following Bel's 2025 Annual Meeting of Shareholders, currently scheduled for May 27, 2025. Bernstein will transition to the role of Non-Executive Chairman of the Board of Directors on that same date.
Feb 3, 2025
Article
Bel Fuse Schedules Fourth Quarter 2024 Financial Results Conference Call
WEST ORANGE, N.J., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a designer, manufacturer, and provider of products that power, protect and connect electronic circuits, today announced plans to release preliminary financial results for the fourth quarter after market close on Tuesday, February 18, 2025. An earnings conference call has been scheduled as follows:
Feb 3, 2025
Article
Bel Fuse Announces Virtual Participation in the 27th Annual Needham Growth Conference
WEST ORANGE, N.J., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced its participation in the 27th Annual Needham Growth Conference:
Jan 3, 2025
